India, Maldives Sign 13 MoUs for Ferry Projects
ECONOMY & POLICY

India, Maldives Sign 13 MoUs for Ferry Projects

India has signed 13 Memoranda of Understanding (MoUs) with the Maldives under a grant of MVR 100 million (approximately Rs 552.8 million) to enhance ferry services and strengthen maritime connectivity in the island nation.

The agreements, signed on 18 May 2025 at the Maldivian Ministry of Foreign Affairs, mark the launch of Phase III of the High Impact Community Development Project (HICDP) — a flagship initiative of India’s grant assistance programme aimed at uplifting community infrastructure and livelihoods.

The MoUs were formalised by Abdulla Khaleel, Minister of Foreign Affairs of the Maldives, Indian High Commissioner G Balasubramanian, and Minister of Transport and Civil Aviation Mohamed Ameen, who signed on behalf of the implementing agency.

The new projects will support the development of a nationwide high-speed ferry network that already connects 81 islands across nine atolls. Minister Ameen stated that the completion timeline, initially set for 2027, is now expected to be advanced to the end of this year.

Mr Khaleel highlighted that India's assistance has consistently aligned with the needs of the Maldivian people, and these new projects go beyond physical infrastructure. “They are lifelines for communities, solving local challenges, and driving socio-economic growth,” he said.

The Indian High Commission in the Maldives also noted that these projects will reinforce regional connectivity, which is vital to daily life in the archipelago.

The announcement of Phase III of the HICDP was made during Maldivian President Dr Mohamed Muizzu’s state visit to India in October 2024. The latest agreements reflect the deepening ties between the two nations and India’s continued commitment to supporting development in the Maldives.


India has signed 13 Memoranda of Understanding (MoUs) with the Maldives under a grant of MVR 100 million (approximately Rs 552.8 million) to enhance ferry services and strengthen maritime connectivity in the island nation.The agreements, signed on 18 May 2025 at the Maldivian Ministry of Foreign Affairs, mark the launch of Phase III of the High Impact Community Development Project (HICDP) — a flagship initiative of India’s grant assistance programme aimed at uplifting community infrastructure and livelihoods.The MoUs were formalised by Abdulla Khaleel, Minister of Foreign Affairs of the Maldives, Indian High Commissioner G Balasubramanian, and Minister of Transport and Civil Aviation Mohamed Ameen, who signed on behalf of the implementing agency.The new projects will support the development of a nationwide high-speed ferry network that already connects 81 islands across nine atolls. Minister Ameen stated that the completion timeline, initially set for 2027, is now expected to be advanced to the end of this year.Mr Khaleel highlighted that India's assistance has consistently aligned with the needs of the Maldivian people, and these new projects go beyond physical infrastructure. “They are lifelines for communities, solving local challenges, and driving socio-economic growth,” he said.The Indian High Commission in the Maldives also noted that these projects will reinforce regional connectivity, which is vital to daily life in the archipelago.The announcement of Phase III of the HICDP was made during Maldivian President Dr Mohamed Muizzu’s state visit to India in October 2024. The latest agreements reflect the deepening ties between the two nations and India’s continued commitment to supporting development in the Maldives.

Next Story
Infrastructure Transport

Metro Line 2B Phase 1 to Boost Realty in Mumbai’s Eastern Suburbs

Mumbai’s real estate sector is set for a major boost as Phase 1 of Metro Line 2B, between Mandale and Diamond Garden, nears completion. The Mumbai Metropolitan Region Development Authority (MMRDA) has confirmed that mandatory rectifications are done, and inspections by the Commissioner of Metro Railway Safety (CMRS) have been carried out. The 5.39-km stretch with five stations forms part of the larger DN Nagar–Mandale corridor, designed to ease congestion and improve east–west connectivity. Passenger operations are expected by December 2025, with the full line slated for 2027. ..

Next Story
Resources

WattPower wins Best Inverter award at Global Solar Expo 2025

WattPower, a leading renewable energy solutions provider, has won the award for “Best Inverter in the Utility Segment” at the Global Solar Expo 2025. The recognition underscores the company’s commitment to delivering reliable, high-performance and future-ready solar solutions for large-scale projects. At the forefront of utility-scale solar, WattPower manufactures advanced string inverters that directly feed power into the Indian grid. With robust technology, high-quality components and comprehensive product lifecycle support, its solutions stand among the most sophisticated in the ..

Next Story
Real Estate

Awfis delivers 67,000 sq. ft. innovation hub for eBay in Bengaluru

Awfis Space Solutions, India’s largest flexible workspace provider and the first publicly listed workspace solutions platform, has partnered with eBay to establish a 67,000 sq. ft. innovation hub at Embassy Tech Village, Bengaluru. The mandate covers design, build and management of the new office, which will act as a strategic hub supporting diverse functions and accelerating eBay’s AI-first commerce strategy. The centre will focus on artificial intelligence, engineering, product development and applied research, strengthening eBay’s growth in India. Embassy Tech Village, North Beng..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?